Tag Archives: Property Developers

Prestige Group Gives Indian Malls The 5-Star Treatment

August 22, 2008 – 6:15 am

IN the great malling of India, few developers are as well equipped to talk about retail success as Irfan Razack, the man behind Bangalore’s The Forum mall.
Razack heads the Prestige Group, built The Forum in 2004 and while there may be bigger and glitzier malls across India, it continues to set the retail standard, voted [...]

By Rajani | Posted in Property News | Also tagged , , , , , , , , , , , , , , , , | Comments (2)

PEs, FIIs Ready To Buy Equity Stake

July 21, 2008 – 5:09 am

Real estate funds, PE players and foreign institutional investors are exploring options to buy equity stakes in listed realty companies, as valuations of these companies have fallen by over 65% during the past three months.
The move has also come as a blessing in disguise for these realty companies who have been finding it difficult to [...]

By Rajani | Posted in Property News | Also tagged , , , , , , , , | Comments (1)

Switching To Tier II & Tier III Cities A Good Option For Real Estate

June 27, 2008 – 12:56 am

Union Finance Minister P Chidambaram has said the double digit inflation will continue for some more weeks.
The Central Government as well as the Reserve Bank of India is not going to hesitate in taking more steps to control towering prices, if the need arises with the markets also reacting adversely to the two major concerns [...]

By manish | Posted in Property News | Also tagged , , , , , , , , , , , , , , | Comments (1)

Leading property developers are pulling out of hotel project

June 23, 2008 – 12:17 am

Leading property developers are pulling out of proposed deals with hospitality majors, including Royal Orchid Hotels and Ramada Worldwide, as cash flows in the real estate sector are slowing. Realtors are reconsidering plans to go into the hospitality sector.

By manish | Posted in Property News | Also tagged , , , , , , , , , , , | Comments (1)

Property Loans Default

May 24, 2008 – 4:40 am

The number of commercial property loans in default has soared 400% in just 1years, according to a report.
The study of bank lending to the commercial property industry illustrates that while the amount lent continued to rise in 2007, nearly four hundred loans slipped into default, up from fewer than eighty in 2006.
Although the collective value [...]

By manish | Posted in Property News | Also tagged , , , , , , , | Comments (3)